Ledger

Business / Accounting / Ledger: A book of accounts in which data from transactions recorded in journals are posted and thereby classified and summarized.

Purchase Ledger

Business / Accounting / Purchase Ledger: A subsidiary ledger which holds the accounts of a business's suppliers. A single control account is held in the nominal ledger which shows the total balance of all the accounts in the purchase ledger. MORE

Subsidiary Ledger

Business / Accounting / Subsidiary Ledger: A grouping of individual accounts that in total equal the balance of a control account in the General Ledger. MORE

General Ledger

Business / Accounting / General Ledger: See Nominal Ledger . MORE

Nominal Ledger

Business / Accounting / Nominal Ledger: A ledger which holds all the nominal accounts of a business. Where the business uses a subsidiary ledger like the sales ledger to hold customer details, the nominal ledger will usually include a contr MORE

Trust Ledger

Business / Real Estate / Trust Ledger: Ledger where a property manager records monies paid out on behalf of an owner. MORE

Sales Ledger

Business / Accounting / Sales Ledger: A subsidiary ledger which holds the accounts of a business's customers. A control account is held in the nominal ledger (usually called a debtors' control account) which shows the total balance of all MORE

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